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Barchart
Rich Asplund

Stocks Settle Mixed as Early Gains Fade on Mixed Corporate News

The S&P 500 Index ($SPX) (SPY) Friday closed down by -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.61%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.59%.

Stocks on Friday settled mixed, with the Dow Jones Industrials falling to a 2-week low and the Nasdaq 100 climbing to a 3-1/4 month high.  An early rally in stocks Friday faded on mixed corporate news.  Western Digital closed up more than +4% to lead chip stocks higher after reporting stronger-than-expected Q1 adjusted EPS. Also, Centene closed up more than +4% after reporting Q3 revenue well above the consensus and raising its full-year revenue forecast.  In addition, Booz Allen Hamilton closed up more than +9% after reporting better-than-expected Q2 adjusted EPS and raising its full-year adjusted EPS estimate.

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